News coverage about Astronics (NASDAQ:ATRO) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Astronics earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the aerospace company an impact score of 46.0778922592178 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Shares of Astronics (NASDAQ:ATRO) opened at $40.09 on Wednesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.60 and a current ratio of 3.06. Astronics has a 12-month low of $23.95 and a 12-month high of $49.45. The firm has a market capitalization of $1,138.88, a PE ratio of 61.68, a PEG ratio of 2.32 and a beta of 1.58.

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Astronics (NASDAQ:ATRO) last released its quarterly earnings results on Monday, February 26th. The aerospace company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.03). Astronics had a return on equity of 10.82% and a net margin of 3.15%. The firm had revenue of $171.32 million for the quarter, compared to analyst estimates of $179.33 million. research analysts forecast that Astronics will post 1.75 earnings per share for the current fiscal year.

Astronics announced that its board has authorized a share buyback plan on Monday, December 18th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the aerospace company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Several equities research analysts have commented on the company. Zacks Investment Research upgraded Astronics from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Tuesday, January 2nd. BidaskClub raised Astronics from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 22nd. Dougherty & Co increased their price objective on Astronics from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, December 4th. Canaccord Genuity reissued a “buy” rating and issued a $46.00 price objective on shares of Astronics in a research note on Tuesday, December 12th. Finally, SunTrust Banks reiterated a “hold” rating and set a $44.00 price target on shares of Astronics in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Astronics has a consensus rating of “Hold” and an average target price of $45.00.

In related news, CEO Peter J. Gundermann sold 2,000 shares of Astronics stock in a transaction on Friday, February 9th. The stock was sold at an average price of $38.99, for a total transaction of $77,980.00. Following the completion of the transaction, the chief executive officer now directly owns 29,595 shares of the company’s stock, valued at $1,153,909.05. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 12,000 shares of company stock valued at $495,540. 16.45% of the stock is currently owned by insiders.

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About Astronics

Astronics Corporation is a supplier of products to the aerospace, defense, electronics and semiconductor industries. The Company’s products and services include electrical power generation, distribution and motion systems, lighting and safety systems, avionics products, aircraft structures, systems certification and automated test systems.